Policy loan


 

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Policy loan

A loan granted by a life assurance company to a policyholder. The extent of the loan is based on a percentage of the surrender value (typically up to 90%) of a whole life or endowment policy.

Policy loan

A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.



Policy loan

Similar Matches

Interest sensitive insurance policy

Interest sensitive insurance policy

A cash value life insurance policy whose insurance dividend rates vary with respect to inflation, enabling the policyholder to avoid the loss of purchasing power associated with inflation.


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Policy exclusions

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These are events, instances or possessions which are not covered by your household or other insurance policy. This can be confusing as the main policy may seem to imply that such events, instances or possessions are covered only to excluded in the small print of the policy. Moral: Read the small print.


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Umbrella policy

Insurance for exports of an exporter whose issuer handles all administrative requirements.


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An insurance policy protecting a homeowner against damage or loss to property.


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